Introduction
Buds Online Store is committed to promoting ethical practices and ensuring that modern slavery and human trafficking are not taking place within our business or our supply chains. This statement outlines the steps we have taken during the financial year ending December 31, 2022, to prevent slavery and human trafficking.
Our Business
Buds Online Store operates as an online retailer specializing in CBD products, including oils, edibles, and wellness items. Our mission is to provide high-quality CBD products that enhance the well-being of our customers. Our official website is budsonlinestore.com.
Our Supply Chains
Our supply chains include sourcing raw CBD materials, manufacturing, packaging, and distribution. We partner with suppliers and manufacturers globally, emphasizing ethical practices and sustainability. We recognize the potential risks of modern slavery within complex supply chains and are dedicated to mitigating these risks.
Policies and Practices
Ethical Code of Conduct
We have established an Ethical Code of Conduct that outlines our commitment to ethical business practices, including the prohibition of forced labor, child labor, and human trafficking. All employees and suppliers are expected to adhere to this code.
Supplier Due Diligence
To ensure compliance with our ethical standards, we conduct rigorous due diligence on our suppliers, which includes:
Assessing suppliers’ policies on labor standards and human rights.
Requiring suppliers to provide information on their workforce practices.
Conducting audits and on-site inspections where feasible.
Training and Awareness
We provide training to our employees to help them understand the risks of modern slavery and human trafficking. This training covers:
Recognizing signs of modern slavery.
Understanding our policies and reporting procedures.
Promoting a culture of transparency and ethical behavior.
Reporting and Whistleblowing
We maintain a confidential whistleblowing policy that allows employees and suppliers to report any concerns related to modern slavery or unethical practices without fear of retaliation. Reports can be made anonymously, and all concerns are investigated thoroughly.
Risk Assessment and Management
We continuously assess the risk of modern slavery within our supply chains by:
Monitoring and evaluating high-risk areas and sectors.
Collaborating with industry bodies and other stakeholders to stay informed of best practices.
Implementing risk mitigation strategies where necessary.
Progress and Future Steps
In 2022, we have made significant progress in strengthening our approach to combating modern slavery, including:
Increasing the frequency and scope of supplier audits.
Enhancing our training programs to reach more employees and suppliers.
Partnering with organizations dedicated to eradicating modern slavery.
In the coming year, we plan to:
Expand our supplier audit program to include more in-depth assessments.
Develop more comprehensive training materials.
Engage with more stakeholders to share knowledge and strategies for addressing modern slavery.
Conclusion
Buds Online Store is dedicated to maintaining a supply chain free from modern slavery and human trafficking. We will continue to improve our practices and work collaboratively with our partners to ensure the highest ethical standards are upheld.
This statement has been approved by the senior management team of Buds Online Store and will be reviewed and updated annually.
Buds Online Store
Date: 30 May 2024
For more information, please contact us at [email protected].